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With the walmarts around me, could have fooled me. While they do pack the people in, there is not much on the shelves. I have to either go to multiple walmarts for 3 items or closer stores.
The problem Toys R Us has is that they were taken over by a private equity company who loaded them down with debt. If you remove that debt from the take over they would be in decent shape.
Wasn't aware of that, but it explains a lot. We've seen this before.
Walmart seems to be doing fine despite Amazon. TRU could've done better (or something, anything) with their competitive strategy. Free shipping from their website to compete with Amazon would've been a good start. Countless times I chose Amazon over TRU for that reason. And I'm not driving 20 minutes on the highway to buy a gift for someone when I can do it much easier in front of this machine. That's not lazy, that's just ideal - can't even say it's smart, because it's such an obvious choice.
Yeah their stocks took a hit but they aren’t going anywhere. Walmart is probably the only company that has the cash and infrastructure already in place to go head to head with amazon online.
The reason Amazon is doing well is they have very forward thinking and are regional with distribution or fulfillment centers. The management of TUS among others are top heavy and they sat back and let the chips fall instead of trying to compete. They bought out Kaybee in I think 2010, in an effort to create a less competitive market. Top heavy and no competitive edge killed Geoffrey.
The reason Amazon is doing well is they have very forward thinking and are regional with distribution or fulfillment centers. The management of TUS among others are top heavy and they sat back and let the chips fall instead of trying to compete. They bought out Kaybee in I think 2010, in an effort to create a less competitive market. Top heavy and no competitive edge killed Geoffrey.
Private equity take over is what killed Toys R us. Like it has so many other companies.
Fairway Supermarkets, in financial issues related to debt from the takeover by a private equity company, before they went public.
Sears, loaded with debt from being taken over by KMart (people forget that) and Lampert. Taken public, still loaded with debt, slowly spiraling downward as they spin off what assets they have to companies controlled by Lampert (Lampert controls the company that now runs the property that most Sears stores sit on. It is why the Hicksville store is closing and Lampert is trying to make a huge complex out of it, that has no chance of being approved)
Payless stores, taken over by PE company, now in bankruptcy due to debt from that take over.
Payless Shoes, which was acquired by Golden Gate Capital and Blum Capital in 2012. In the span of only two years, Golden Gate and Blum collected $350 million in dividends in each of 2013 and 2014 in connection with debt acquired through Payless’ LBO, which caused Payless to take on over $700 million in debt.
I can give more examples.
Private equity are the worst. Nothing but problems to the companies they take over.
I think it’s all these hand held electronics that took over. No one plays with “Toys” anymore.
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